Deutsche Bank provided color on Maxim Integrated MXIM. In a research report published today, the rating agency commented on the company's Q2 results, which are due to be published later today after the markets close.
In the report, Deutsche Bank states, “MXIM guided F4Q sales in the $610-640m range (+1 to +5% q/q) and GM
in the 61-64% range. We model F4Q sales and EPS at $628m (+3% q/q)
and $0.43 vs. Street at $626m/$0.42. By end markets, we expect: Industrial
+5% q/q, Communications +3% q/q, Computing -1% q/q and Consumer
+5% q/q… Finally,
our F4Q GM est is 62.6%, -1ppt q/q but roughly in-line with co guidance.
Mix could drive incremental upside to our GM estimate.”
At the moment, Deutsche Bank has a Hold rating and a price target of $26 placed on the company's stock. On Wednesday, MXIM lost 4.34% of its value to end the day at $22.38.
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